government says hsbc invaded these practices. they've have been said to enabled terrorists and others to ensure bent sanctions. despite the hefty amount, this will have them avoid prosecution. this is unlikely to spell doom. >> the company is are dealing with this talking about cost- cutting measures and also stripping assets. as far as the fiscal issues are concerned, it is cover bowl. the reputation may take a little bit more time for them to get that back. >> hsbc is not the only european bank facing european money laundering charges in the united states. ing had to pay the highest bond today. credit suisse was also slapped with a stiff penalty. and the world bank of scotland, lloyd's, and barclays have also had to fork out. hsbc's $2 billion fine may seem shocking at first glance, but it only represents about one-tenth of their 2011 profits. >> the european parliament's has approved rules out aiming at cutting red tape and standardizing procedures across the eu. >> the have already given their backing to the new system which